The 9th U.S. Circuit Court of Appeals has approved the $9.5 million settlement over Facebook's controversial Beacon advertising service, which could put an end to the four-year legal proceedings.
Most of the money will go toward establishing the Digital Trust Foundation, a nonprofit that will fund projects related to Internet privacy, with $2.3 million covering attorneys' fees. Objectors had originally said that the settlement terms did not go far enough to benefit Facebook users' privacy, but a majority of the 28 judges on the Court of Appeals decided Tuesday that the settlement is sufficient, Reuters reported. … Read more